Debt (Tables)

12 Months Ended

Dec. 31, 2020

Debt

Components of debt obligations

The Company’s debt obligations consist of the following (in millions):

	2020		2019
US Dollar notes under the 2012 Note Purchase Agreement	$	205.0	$	205.0
CHF notes (in dollars) under the 2019 Note Purchase Agreement		335.5		306.8
US Dollar notes under the 2019 Term Loan		300.0		300.0
Unamortized debt issuance costs		(2.4)		(2.6)
Capital lease obligations and other loans		6.4		4.1
Total debt		844.5		813.3
Current portion of long-term debt		(2.2)		(0.5)
Total long-term debt, less current portion	$	842.3	$	812.8

Summary of maximum commitments and net amounts available under the 2015 Credit Agreement and other lines of credit

The following is a summary of the maximum commitments and the net amounts available to the Company under the 2019 Revolving Credit Agreement and other lines of credit with various financial institutions located

primarily in Germany and Switzerland that are unsecured and typically due upon demand with interest payable monthly (dollars in millions):

										Total
										Committed and
	Weighted		Total Amount		Total Amount			Outstanding		Uncommitted
	Average		Committed by		Uncommitted by	Outstanding		Letters of		Amounts
	Interest Rate		Lenders		Lenders	Borrowings		Credit		Available
2019 Credit Agreement	1.3	%	$	600.0	—	$	—	$	0.1	$	599.9
Bank guarantees and working capital line	0.0	%		132.9	103.3		—		132.9		103.3
Total revolving lines of credit			$	732.9	103.3	$	—	$	133.0	$	703.2

Annual maturities of debt outstanding, less deferred financing cost amortization

Annual maturities of debt outstanding, less deferred financing cost amortization are as follows (in millions):

2021	$	2.6
2022		112.0
2023		16.6
2024		115.8
2025		15.2
Thereafter		584.7
Total	$	846.9